North America Sleep Apnea Devices Market Trends, Sales, Supply, Demand and Analysis by Forecast to 2030

The North America Sleep Apnea Devices Market is poised for significant growth, projected to increase from US 2,102.4 million in 2017 to US 2,102.4 million in 2017 to US 3,705.8 million by 2025, with a compound annual growth rate (CAGR) of 7.6% from 2018 to 2025. This growth is driven by several key factors, including technological advancements, an aging population, and increasing awareness of sleep apnea and its associated risks. However, challenges such as patient non-compliance and the economic burden of sleep apnea could hinder market expansion.

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Key Drivers of Market Growth

Technological Advancements: Innovations in sleep apnea devices have significantly improved the accuracy and ease of treatment for obstructive sleep apnea (OSA). For example:
- Whole You, Inc. introduced NEXTEETH in 2015, an oral appliance for snoring and OSA that uses CAD/CAM technology for a precise fit.
- ResMed launched the AirMini, the world’s smallest CPAP device, in 2017, featuring built-in humidification and compatibility with the AirTouch F20 full face mask, which uses memory foam for enhanced comfort.
Rising Geriatric Population: The increasing elderly population, which is more susceptible to sleep disorders, is a major driver of market growth.
Growing Awareness: Rising awareness about sleep apnea and its risk factors, along with the importance of sleep testing in both adults and children, is accelerating market growth.

Market Segmentation

The North America sleep apnea devices market is segmented by diagnostic devices, therapeutic devices, end users, and geography.

By Diagnostic Devices

Polysomnography Devices
Respiratory Polygraphs
Actigraphy Systems
Oximeters

By Therapeutic Devices

Facial Interfaces
Adaptive Servo-Ventilation Instruments (ASV)
Positive Airway Pressure (PAP) Devices
Oxygen Concentrators
Airway Clearance Systems
Oral Appliances
Accessories

By End User

Home Healthcare
Sleep Laboratories and Hospitals

By Geography

North America
- US
- Canada
- Mexico

Regional Insights

The United States is expected to dominate the North America sleep apnea devices market due to the high prevalence of sleep apnea, increasing awareness, and the importance of sleep testing. The US market is likely to contribute the largest share in the region during the forecast period.

Competitive Landscape

Key players in the North America sleep apnea devices market include:

ResMed
Koninklijke Philips N.V.
Braebon Medical Corporation
Compumedics Limited
BMC Medical Co., Ltd.
Fisher & Paykel Healthcare Limited
SomnoMed Limited
Weinmann Emergency Medical Technology GmbH + Co. KG
Devilbiss Healthcare LLC
Whole You, Inc.

Strategic Insights

Strategic insights for the North America sleep apnea devices market emphasize a data-driven approach to understanding the industry landscape. These insights provide actionable recommendations for stakeholders to differentiate themselves by identifying untapped market segments or developing unique value propositions. Key considerations include:

Anticipating Market Shifts: Leveraging data analytics to predict future trends and position for long-term success.
Focus on Innovation: Continued investment in R&D to develop advanced, user-friendly devices.
Addressing Patient Compliance: Developing strategies to improve patient adherence to treatment regimens.
Economic Impact: Considering the economic burden of sleep apnea and developing cost-effective solutions.

Conclusion

The North America sleep apnea devices market is set for robust growth, driven by technological advancements, an aging population, and increasing awareness. However, challenges such as patient non-compliance and economic factors must be addressed. Stakeholders who leverage strategic insights and focus on innovation will be well-positioned to capitalize on the opportunities in this dynamic market.

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Author’s Bio:
Akshay
Senior Market Research Expert at Business Market Insights